Direxion Daily META Bull 2X Shares (NASDAQ:METU) Short Interest Down 57.2% in May

Direxion Daily META Bull 2X Shares (NASDAQ:METU - Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 426,000 shares, a drop of 57.2% from the April 30th total of 996,100 shares. Based on an average daily volume of 994,100 shares, the short-interest ratio is presently 0.4 days. Currently, 13.4% of the company's shares are short sold.

Direxion Daily META Bull 2X Shares Stock Performance

NASDAQ:METU traded down $0.33 during trading hours on Friday, reaching $35.00. The company's stock had a trading volume of 415,905 shares, compared to its average volume of 847,835. The firm has a market capitalization of $110.95 million and a price-to-earnings ratio of 24.62. The firm has a 50-day simple moving average of $29.41 and a 200-day simple moving average of $35.12. Direxion Daily META Bull 2X Shares has a 1 year low of $20.11 and a 1 year high of $52.12.

Direxion Daily META Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.1737 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.69 annualized dividend and a dividend yield of 1.99%.

Institutional Investors Weigh In On Direxion Daily META Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its position in Direxion Daily META Bull 2X Shares by 222.1% during the 4th quarter. Susquehanna International Group LLP now owns 61,424 shares of the company's stock worth $2,044,000 after acquiring an additional 42,354 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth approximately $1,626,000. Finally, Jane Street Group LLC bought a new position in shares of Direxion Daily META Bull 2X Shares in the fourth quarter worth approximately $542,000.

Direxion Daily META Bull 2X Shares Company Profile

The Direxion Daily META Bull 2X Shares (METU) is an exchange-traded fund that is based on the Meta Platforms Inc Class A index. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of META stock. METU was launched on Jun 5, 2024 and is issued by Direxion.